BounceBit Partners with Franklin Templeton to Launch CeDeFi Product BB Prime
The post BounceBit Partners with Franklin Templeton to Launch CeDeFi Product BB Prime appeared on BitcoinEthereumNews.com. BounceBit partners with Franklin Templeton to launch BB Prime, merging tokenized Treasuries and DeFi to offer a 4.5% yield in CeDeFi strategies. BounceBit has announced a major partnership with global investment firm Franklin Templeton. Together, they have launched BB Prime, a new product that blends centralized finance (CeFi) and decentralized finance (DeFi), also known as CeDeFi. BounceBit announced it on its official X (previously Twitter) account. It emphasizes the need of this tie-up in the emerging global digital financial world. BounceBit Drives CeDeFi Innovation with Live Treasury Bond Deployment The main concept of BB Prime is the establishment of an orderly yield platform. It is collateralized and settled with BENJI tokenized fund of Franklin Templeton. The backing of this fund is through short term U.S. government securities. This makes it provide an on-chain stable yield of approximately 4.5%, introducing a more stable crypto market. This enables BB Prime to merge the security of the real-world assets (RWAs) with the rapidity of crypto trading. Besides the launch, BounceBit also presented a BB token buyback program, which is supported by more than 10 million of protocol revenue. This demonstrates the interest of the platform in long-term development and sustainability. BounceBit will purchase its tokens using its generated revenue in order to boost the conviction of investors. Notably, through this partnership, tokenized U.S. Treasury bonds are being actively traded, in real-time trading strategies, as opposed to merely being held passively. Up till recently, the majority of tokenized assets were merely issued and stored. Now these assets are not only profitable, but they also bring revenue actively with the help of smart and efficient strategies to be utilized with BB Prime. The platform offered by BounceBit enables the unending use of the tokenized Treasuries to generate yields, both in centralized and decentralized exchanges. Related…
The post BounceBit Partners with Franklin Templeton to Launch CeDeFi Product BB Prime appeared on BitcoinEthereumNews.com.
BounceBit partners with Franklin Templeton to launch BB Prime, merging tokenized Treasuries and DeFi to offer a 4.5% yield in CeDeFi strategies. BounceBit has announced a major partnership with global investment firm Franklin Templeton. Together, they have launched BB Prime, a new product that blends centralized finance (CeFi) and decentralized finance (DeFi), also known as CeDeFi. BounceBit announced it on its official X (previously Twitter) account. It emphasizes the need of this tie-up in the emerging global digital financial world. BounceBit Drives CeDeFi Innovation with Live Treasury Bond Deployment The main concept of BB Prime is the establishment of an orderly yield platform. It is collateralized and settled with BENJI tokenized fund of Franklin Templeton. The backing of this fund is through short term U.S. government securities. This makes it provide an on-chain stable yield of approximately 4.5%, introducing a more stable crypto market. This enables BB Prime to merge the security of the real-world assets (RWAs) with the rapidity of crypto trading. Besides the launch, BounceBit also presented a BB token buyback program, which is supported by more than 10 million of protocol revenue. This demonstrates the interest of the platform in long-term development and sustainability. BounceBit will purchase its tokens using its generated revenue in order to boost the conviction of investors. Notably, through this partnership, tokenized U.S. Treasury bonds are being actively traded, in real-time trading strategies, as opposed to merely being held passively. Up till recently, the majority of tokenized assets were merely issued and stored. Now these assets are not only profitable, but they also bring revenue actively with the help of smart and efficient strategies to be utilized with BB Prime. The platform offered by BounceBit enables the unending use of the tokenized Treasuries to generate yields, both in centralized and decentralized exchanges. Related…
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